So what: The deal pretty much squelches the possibility that Verizon will enter Canada, removing a cloud of uncertainty over Canada's "big three" telcos: Telus , Rogers , and BCE , which up today as high as 9%, 11%, and 6%, respectively. Specifically, the size of the acquisition makes the Canadian market just too small for Verizon to play in, reigniting good vibes over the big three's oligopolistic pricing power.

Now what: It'll be business as usual for Canada's telcos. "Verizon is not going to Canada," said Verizon CEO Lowell McAdam in an interview with Bloomberg, and called the speculation over the possibility "way overblown." More importantly, with Telus, Rogers, and BCE still trading off their 52-week highs even after today's pop, there might be some value left in the group.

The tech world has been thrown into chaos as the biggest titans invade one another's turf. At stake is the future of a trillion-dollar revolution: mobile. To find out which of these giants is set to dominate the next decade, we've created a free report called "Who Will Win the War Between the 5 Biggest Tech Stocks?" Inside, you'll find out which companies are set to dominate and we'll give in-the-know investors an edge. To grab a copy of this report, simply click here -- it's free!